The Enforcement Directorate (ED) has carried out search operations in connection with a money laundering case linked to Delhi-NCR-based real estate developer Earth Infrastructures Limited (EIL) and its group entities.
The searches were conducted across 10 locations in Delhi and Gurugram, targeting premises associated with the company’s former directors, promoters, and related entities. During the raids, the agency seized cash worth around ₹6.3 crore, jewellery valued at nearly ₹7.5 crore, along with silver bullion and luxury watches.
The money laundering investigation was initiated on the basis of multiple FIRs registered by the Delhi Police’s Economic Offences Wing (EOW), along with a complaint filed by the Serious Fraud Investigation Office (SFIO).
According to the ED, the group allegedly collected over ₹2,024 crore from more than 19,400 homebuyers and investors by promising timely delivery of residential and commercial units, but failed to complete several projects. The agency is probing alleged diversion of funds through land acquisitions, shell entities, and personal transactions.
